How To Calculate Consumer Surplus On A Monopoly Graph The Easy о In this video we learn how to calculate consumer surplus just by looking at a monopoly graph! if you enjoyed the video, consider leaving a like and sharing w. How to use a monopoly graph to find consumer surplus and producer surplus. also how to find and compare the output when the firm perfectly price discriminates.
Monopoly Graph Consumer Surplus In this video we explain how you can calculate consumer surplus, and what it looks like on a supply and demand graph. we go over an algebraic solution to sh. Using the same logic, the third, fourth, and fifth consumers have surplus values equal to $5, $3, and $0 (because their maximum willingness to pay is equal to the price, so consumer surplus is zero). to get total consumer surplus we add these values up, so $15 $11 $5 $3=$34. the total consumer surplus in this economy is $34. To calculate consumer surplus we can follow a simple 4 step process: (1) draw the supply and demand curves, (2) find the market price, (3) connect the price axis and the market price, and (4) calculate the area of the upper triangle. consumer surplus is defined as the difference between the amount of money consumers are willing and able to pay. How to calculate consumer surplus. in this graph, the consumer surplus is equal to 1 2 base x height. the market price is $18 with quantity demanded at 20 units (what the consumer actually ends up paying), while $30 is the maximum price someone is willing to pay for a single unit. the base is $20. 1 2 x (20) x [ (30 – 18)] = $120.
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